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Aston Martin sues dealer over $3.5 million Valkyrie supercar

Aston Martin Lagonda Global Holdings said it’s suing a company affiliated with one of its dealers in Switzerland, alleging that it withheld customer deposits collected for the $3.5 million Valkyrie supercar. The automaker accused Nebula Project AG of failing to pass some deposits taken from customers along to Aston Martin and said it has terminated an unconventional commercial arrangement its previous management team entered in 2016. Under the now-dissolved deal, Nebula had agreed to fund development of the Valkyrie and other mid-engine cars in exchange for royalty payments. As a result of terminating the agreement with Nebula, Aston Martin is no longer liable for any potential royalty payments, which could have been “significant” over time, the carmaker said in a statement Tuesday. The company also cut off its dealer arrangements with AF Cars AG, the company that operates Aston Martin St. Gallen in Switzerland, whose board members manage Nebula. A spokeswoman for the cantonal prosecutorÂ’s office in St. Gallen said they are expecting a lawsuit to be filed but hadnÂ’t received it as of noon Tuesday. A spokesman for Aston Martin St. Gallen was not immediately available to comment, according to a receptionist. The canton of St. Gallen in eastern Switzerland is home to just 510,000 people but generates gross domestic product of almost 39 billion Swiss francs ($42 billion), making it a natural fit for wealthy fans of supercars. The Valkyrie, which Aston Martin expects to start shipping in the second half of the year, is intended to compete with mid-engine models made by the likes of Ferrari and McLaren. While Aston Martin believes the net impact of its actions against Nebula will be positive over time, itÂ’s expected to reduce cash flow and earnings before interest, taxes, depreciation and amortization by as much as 15 million pounds this year. The automakerÂ’s shares traded down 1.9% as of 11:50 a.m. in London, paring an earlier decline of as much as 4.9%. Valkyrie customers will still receive their cars as scheduled, Aston Martin said, despite the company not having received all the deposited funds. The company said it will take deposits for special vehicles directly from customers going forward instead of through dealers. Aston Martin racked up significant losses after going public in 2018 and has spent the last year restructuring itself after a rescue by Canadian billionaire Lawrence Stroll, who took over as chairman.

Aston Martin previews new 5.2-liter twin-turbo V12

Depicted in the teaser video above is Aston Martin's new 5.2-liter twin-turbocharged V12. Beyond those basic specifications, Aston isn't saying much about this new engine or what it will power, but it does promise that the new engine will debut sometime this year. The bulk of Aston Martin's current lineup – basically everything but the V8 Vantage – is powered by a 6.0-liter V12 that dates back to the DB7 Vantage that debuted in 1999. Only where that model produced 420 horsepower, the latest version in the Vantage GT12 produces nearly 600 hp. Which just goes to show how much Aston has been able to do with the aging engine, but everything has its limits, and all good things must come to an end. While the switch to forced induction may mean a less revvy engine, it ought to deliver more torque (as well as lower emissions and fuel consumption). Aston has a new partnership with Mercedes-AMG that is slated to supply the British automaker with a twin-turbo V8. But the German outfit has considerable expertise with twin-turbo V12s as well. The production facility that recently relocated from Affalterbach to Mannheim produces the 6.0-liter twin-turbo V12 that motivates Mercedes' own SL65 roadster, G65 sport-ute, and S65 sedan, coupe, and cabrio, as well as the version for the Pagani Huayra.

2015 Aston Martin V12 Vantage S Roadster

Aston Martin previewed its most powerful, quickest-accelerating and fastest production roadster ever at this year's Pebble Beach Concours. The 2015 V12 Vantage S Roadster is essentially a convertible version of the V12 Vantage S Coupe, which we reviewed last year, a model that drops the automaker's most potent powertrain into its smallest chassis. Unlike the outgoing V12 Vantage Roadster, this new S model boasts a more powerful engine, a new transmission, new adaptive suspension and more luxurious appointments along with freshened styling. While last year's beloved six-speed manual gearbox is gone – a thought that continues to bring tears to our eyes – everything else about the updated roadster piques our interest. We recently spent a full day in the mountains and deserts surrounding Palm Springs with a China Grey (with red carbon fiber accents) version of the British automaker's latest. Driving Notes Mirroring its coupe sibling, the Vantage S Roadster features an all-aluminum monocoque platform with lightweight aluminum body panels. To replace stiffness lost when the roof was removed, a rigid cross member has been added to the open platform. The Roadster's power-operated soft top is fully automatic in operation, opening and closing in about 20 seconds at speeds upwards of 30 miles per hour with the touch of a switch. When tucked away, the entire assembly is hidden cleanly beneath an integrated hard tonneau cover. So as not to be mistaken for its predecessor, Aston Martin has upgraded the model's signature grille from aluminum to carbon fiber with black or titanium silver mesh, with or without body-color accents. The lightweight, forged aluminum, 10-spoke alloys are also new, as is the obvious scripted red "S" on the trunklid. Inside, occupants will find additional grippy Alcantara on the seats and new patterns in the stitching. There are also a slew of upscale options and access to Aston Martin's bespoke Q treatment available. Aston's famed, naturally aspirated, 6.0-liter V12 has been upgraded with a larger throttle body, dual variable valve timing, a revised intake manifold, an improved fuel pump and fully machined combustion chambers. Combined, the improvements are enough to warrant a new AM28 engine designation. On a dyno, the engine cranks out 565 horsepower and 457 pound-feet of torque.